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Argyros School of Business and Economics

» Systemic Risk and the Organization of the Financial System Conference

The Argyros School of Business and Economics hosted the 2nd Chapman Conference on Money and Finance, titled Systemic Risk and the Organization of the Financial System, on Friday, May 12 and Saturday, May 13, 2017 at Chapman University. The event was free and open to the public. 

2017 Keynote Address

Thomas Hoenig
Vice Chairman of the FDIC, Thomas M. Hoenig 

The Argyros School was pleased to invite Thomas M. Hoenig, vice chairman of the Federal Deposit Insurance Corporation, to serve as the 2017 keynote speaker. Hoenig became a director on April 16, 2012. From 1991 to 2011 he served as the chief executive of the Federal Reserve Bank of Kansas City. In 2010 he served as a voting member of the Federal Open Market Committee.

Read the 2017 Keynote Address 

Watch the 2017 Keynote Address Video

2017 Conference Presentations

2017 Conference Papers

2017 Conference Agendas

+ - Friday, May 12

8:30 a.m. Light Breakfast

8:50 a.m. Conference Welcome Message - Professor Clas Wihlborg

9 a.m. Keynote Address - Thomas M. Hoenig, Vice Chairman of FDIC

10 a.m. Coffee Break

10:15 a.m. Session 1: Business models and the Transmission of Risk

  • Rym Ayadi, HEC Montreal, "Bank Business Models and Risk"
  • Luis Brandao-Marques, IMF, "Cross-Border Spillovers from Mutual Fund Activity" (with Marco Espinosa-Vega, IMF and OFR)

11:25 a.m. Session 2: International transmission

  • Linda Goldberg, NY Fed, "The Shifting Drivers of Global Liquidity."

12 p.m. Lunch

1 p.m. Session 3: Resolution and Liquidity

  • Richard Herring, Wharton School, U. Penn, “Making Bankruptcy Work:  Living Wills and the Liquidity Challenge.”
  • Steve Gjerstad, Chapman University, “Bondholder Reorganization of Systemically Important Financial Institutions”

2:10 p.m. Session 4: Volatility and Central Clearing

  • Marc Weidenmier, Claremont McKenna, “Stock Volatility and the Great Depression,” (with Gustavo S. Cortes, U. of Illinois)      
  • Wolfgang Bessler, University of Giessen, “Centralized Derivatives Markets, Systemic Risk, and Recovery and Resolution of CCPs”

3:20 p.m. Coffee Break

3:40 p.m. Session 5: Panel 1 on "Sources of Systemic Risk"

  • Chair: Ed Kane, Boston College
  • James Barth, Auburn University
  • Vineer Bhansali, CEO, LongTail Alpha
  • Philippe Jorion, PAAMCO and UCI
  • Michael Melvin, UC San Diego

4:35 p.m. Session 6: Panel 2 on "More, Less or Different Regulation"

  • Harald Benink, Tilburg University
  • Vernon Smith, Chapman University
  • Michele Mazzoleni, Research Affiliates

7 p.m. Dinner

+ - Saturday May 13

9 a.m. Konstantin Sokolov, Rochester Institute of Technology, "Every Cloud Has a Silver Lining: Fast Trading, Microwave Connectivity and Trading Costs."

9:45 a.m. Kebin Ma, Warwick Business School, “A Theory of Endogenous Asset sales, Bank Runs and Contagion.”

10:30 a.m. Coffee Break

10:50 a.m. Alexander Bleck, University of British Columbia, “Risk-insensitive Regulation.”

11:35 a.m. Thomas Gehrig, University of Vienna, “Did the Basel Process of Capital Regulation Enhance the Resiliency of European banks?”

12:20 p.m. Lunch

Conference concludes. Please enjoy sunny Southern California!

Meet the Conference Coordinator

Dr. Clas Wihlborg is a financial professor and holds the Fletcher Jones Chair in International Business at the Argyros School of Business and Economics. Dr. Wihlborg's research and teaching have focused on international finance, international finance management, law and economics, and financial institutions. 

For more information, please visit Dr. Clas Wihlborg's Faculty Profile.